Hello, for those who are already staying in, how's the occupancy at the moment?
Subang Olives, Is this condo good for investment?
Subang Olives, Is this condo good for investment?
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Jun 15 2014, 01:20 AM
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#1
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4,082 posts Joined: Apr 2006 |
Hello, for those who are already staying in, how's the occupancy at the moment?
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Jul 4 2014, 11:43 PM
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#2
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QUOTE(KRC @ Jul 4 2014, 11:46 AM) According to our agent, 60% occupied. And personally kepoh checking out how others beautify the entrance to their unit and pleasant to find out so far those staying there are owners and families. I went to see a unit last week with the agent and according to the guards, around 70% are already occupied.I was exactly like you, condemning this place from last time but after looking at the amount of space, i'm having second thoughts. A lot of upgrading work are taking place too. |
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Jul 5 2014, 04:39 PM
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#3
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QUOTE(KRC @ Jul 5 2014, 07:42 AM) If it's any help to you, we had taken into consideration saujana, parkhomes (the low rise one). Tropicana Metropark was also considered coz near to where we stay. We were put off by the price vs space. At the equivalent price, we can get almost double the space. We appreciate space...old school. High dense, pigeonholes big put off. Olives was a very reluctant view, not even in the list. We are Subang Jayans. Well aware of its history and it sticks out like a bleeding sore thumb...for years. Same here, those were in my consideration too with Ara Damansara and Tropicana as well. The price vs the space is an issue these days. I am a Subang Jayan too and i would just pass by that area without giving a second look. Subang SOHO somehow would stand out more but Olives looks better after the new paint.Never say never. Impressed by the gym. One of the best equipped. Mini Fitness First version. And that crazy amount of space, imagine if those can be turned into resort style landscaping. I heard the resident committee headed by an able Indian gentleman and I can foresee good things happening already. Gym looks very new to me especially the bench, i wonder whether anyone uses it? I'll be visiting the place again tomorrow to inspect every single thing. |
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Jul 5 2014, 08:05 PM
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#4
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QUOTE(KRC @ Jul 5 2014, 07:53 PM) Yes, there was a dude using a cardio machine during my last visit. Since this is for own stay, I say, the less people buying here the better. So I don't have to fight with others to enjoy the facilities. Very meh 'infinity' pool. You should nick pick at this price point. I was advised by another agent (not the one I'm buying from), price is dead fixed for developer unit but if you are buying sub, squeeze til last drop from private owner. Do update if you did get a unit. I decided to buy mine on the spot by the time I finished viewing. Best of luck!! Will do |
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Jul 5 2014, 08:06 PM
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#5
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Jul 5 2014, 08:08 PM
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#6
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Jul 5 2014, 09:32 PM
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#7
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Jul 5 2014, 09:34 PM
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#8
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QUOTE(KRC @ Jul 5 2014, 09:16 PM) I viewed 2 units. A 1474sq, decently fully furnished, ready to rent out, on 5th flr asking for 700k. Not sure how true is the rental as mentioned by agent but it sure is tempting. I only have enough $$ for a unit. Gist is, don't pay more than necessary. When did you see this unit? Let's discuss further by PM. |
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Jul 5 2014, 10:51 PM
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#9
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QUOTE(KRC @ Jul 5 2014, 10:41 PM) I'm newbie here. Not sure how to use PM. Haha, no wonder, there's an attachment below on how to access the PM mode.Just go and have a look over tomorrow. Nick pick on everything and bully the agent. Most, if not all the agents are just plain unscrupulous and greedy and over inflate the price. Keep a cool head and an open heart. Not sure whether that unit still available and if yes whether owner wise-up (prompted by agent) to increase price. Can't remember whether it's on 5th or 6th flr but confirmed lower flr. And it's facing Federal Highway. Not sure about the direction. Bottomline is, DON'T pay more than necessary. I have a feeling it's the same unit we are referring to but how long ago did you view it? Price wise i don't think it can be lowered much based on the other listings that i saw. Attached thumbnail(s) |
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Mar 21 2015, 01:17 PM
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#10
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QUOTE(daneres @ Sep 24 2014, 11:19 AM) Hi, Hi, about the water proofing and checking the electric box, do i need to get the maintenance office/developers to check if the unit is recently purchased? I'm wondering if they will charge me for inspection or only if there are rectifications to be done.I think this is one of the cheapest properties around Subang. We got it at around RM 400 per sq.ft in 2012. Positive : 1. Spacious units, very good air circulation 2. 16 stories, 4 towers, non high density 3. Not excellent but decent finnishing 4. 11 ft height ceiling. 5. Located in SS16 which is not as congested as the rest of Subang, You should not be subjected to the horrendous jam as the rest of the Subang population. 6. As it's situated in the commercial section, there has not been water/electricity cuts (not 100% sure though) 7. Repainted and security system has been upgraded. Cards for entrances and lifts 8. Astro IPTV for HD TV and high speed broadband. Not free. 9. Acceptable maintenance and sinking fund fees. 10. Extra car park can be leased at reasonable rates if you have more than 2 cars. 11. Storage rooms available for rent at reasonable prices. 12. In general the occupants seem to be decent people of all races. Negative: 1. Because of the open concept, water can seep in which sometimes causes the lifts to malfunction, but the commitee is trying to rectify it. But there are ample lifts per floor so you can use other available ones. 2. The entry and exit points are not well defined. 3. Not too good finnishing outside and in car parks. 4. If you plan to buy please make sure they redo the water proofing in all the bathrooms. It could still be under developers obligation. 5. Gym very basic. 6. Tennis court not maintained. 7. Badminton court so so. 9. Chinese people seem not to like it being situated near a curve. Our conclusion, after staying almost 2 years here, we're quite happy and content here despite all the minor discrepancies. Value should logically increase with MRT under construction and a new high end Condo almost completed next to Empire Subang. I was told it's 50 to 60% occupied. Hope this info will be helpful. |
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